FILE PHOTO: The logo of Nissan Motor Co is pictured at a showroom at the carmaker's headquarters in Yokohama, Japan May 11, 2017. REUTERS/Toru Hanai/File Photo

“At the moment we’re not developing them with another automaker.”

Kyodo News reported on Thursday that Honda and Nissan Motor Co were developing all solid-state EV batteries. Nissan was not immediately available for comment.

A growing number of automakers including Toyota Motor Corp and Volkswagen AG (VOWG_p.DE) are developing all solid-state batteries, which offer more capacity and better safety than conventional lithium-ion batteries by replacing their liquid electrolyte with a solid, conductive material.

Earlier this month, Toyota said it was considering jointly developing the next-generation batteries with Panasonic to share high R&D costs.

The automaker is planning to have a production-ready battery in the early 2020s, and has highlighted the need to accelerate the pace of battery development as it and other automakers plan to ramp up the number of electric models they sell in the coming decades.